Key Takeaways
- • JLL Capital Markets arranged $213 million in refinancing for a portfolio of eight Class A industrial buildings totaling 2.2 million square feet, according to a company announcement dated August 3, 2026.
- • PGIM Real Estate provided the cross-collateralized loan, which combines fixed- and floating-rate tranches to give the borrower flexibility.
- • The portfolio spans Chicago, Orlando, Philadelphia, Sacramento and Washington, D.C. markets and is 98% leased to 12 tenants, including PODS, Freeman Expositions, Primark and US Foods.
- • The assets average a 31-foot clear height and a 2015 year built, positioning them as institutional-quality industrial real estate.
Summary
JLL Capital Markets announced on August 3, 2026 that it arranged $213 million in refinancing for an eight-property national industrial portfolio. The portfolio consists of eight Class A industrial buildings totaling 2.2 million square feet across the Chicago, Orlando, Philadelphia, Sacramento and Washington, D.C. markets, according to the firm's announcement.
JLL worked on behalf of the borrower to secure the loan from PGIM Real Estate. The financing is cross-collateralized and includes both fixed- and floating-rate tranches, which the firm said provides flexibility for the borrower. The announcement did not disclose the loan term or the borrower's identity.
The properties include 17600 Shideler Parkway in Lathrop, California; Bent Oak Industrial Park Buildings 600, 700 and 800 in Orlando, Florida; 2485 Commerce Center in Bethlehem, Pennsylvania; Manassas Logistics Center Buildings A and B in Bristow, Virginia; and 900 Windham Parkway in Romeoville, Illinois. The portfolio averages a 31-foot clear height and an average year built of 2015. It is 98% leased to 12 tenants, including PODS, Freeman Expositions, Primark and US Foods.
JLL's Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director John Rose, with Vice President Ryan Pollack, Associate Jordan Buck and Analyst Shishir Reddy. Senior Managing Director Chad Orcutt, Managing Directors Robert Carey and Lucas Borges, and Directors Taylor Gimian and Wells Waller also supported the transaction. The team worked with Mike Catalano, Campbell Schultz and Josh Horner at PGIM Real Estate. JLL Capital Markets describes itself as having more than 3,000 specialists worldwide with offices in nearly 50 countries.
JLL worked on behalf of the borrower to secure the loan from PGIM Real Estate. The financing is cross-collateralized and includes both fixed- and floating-rate tranches, which the firm said provides flexibility for the borrower. The announcement did not disclose the loan term or the borrower's identity.
The properties include 17600 Shideler Parkway in Lathrop, California; Bent Oak Industrial Park Buildings 600, 700 and 800 in Orlando, Florida; 2485 Commerce Center in Bethlehem, Pennsylvania; Manassas Logistics Center Buildings A and B in Bristow, Virginia; and 900 Windham Parkway in Romeoville, Illinois. The portfolio averages a 31-foot clear height and an average year built of 2015. It is 98% leased to 12 tenants, including PODS, Freeman Expositions, Primark and US Foods.
JLL's Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director John Rose, with Vice President Ryan Pollack, Associate Jordan Buck and Analyst Shishir Reddy. Senior Managing Director Chad Orcutt, Managing Directors Robert Carey and Lucas Borges, and Directors Taylor Gimian and Wells Waller also supported the transaction. The team worked with Mike Catalano, Campbell Schultz and Josh Horner at PGIM Real Estate. JLL Capital Markets describes itself as having more than 3,000 specialists worldwide with offices in nearly 50 countries.
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